“According to a new report published by Introspective Market Research, Oxidized Bitumen Market by Type, Application, and End-Use Industry, The Global Oxidized Bitumen Market Size Was Valued at USD 23.95 Billion in 2023 and is Projected to Reach USD 35.60 Billion by 2032, Growing at a CAGR of 4.50% from 2024–2032.”

Oxidized bitumen, also known as blown bitumen, is a petroleum-based product manufactured through the oxidation of penetration-grade bitumen. This process enhances its softening point, durability, and resistance to temperature variations, making it suitable for demanding industrial and construction applications. Oxidized bitumen is widely used in roofing membranes, waterproofing systems, pipe coatings, electrical insulation, and industrial adhesives.

Compared to conventional bitumen, oxidized bitumen offers superior aging resistance, improved bonding strength, and better performance under extreme climatic conditions. These advantages have driven its adoption across infrastructure development, building construction, and industrial manufacturing sectors.

The global oxidized bitumen market is witnessing steady growth, supported by rising investments in infrastructure, increasing demand for waterproofing solutions, and expanding applications in industrial coatings. Emerging economies, in particular, are creating significant demand due to rapid urbanization and construction activities.

Market Segmentation

The Oxidized Bitumen Market is segmented into Type, Application, and End-Use Industry.
By Type, the market is categorized into Oxidized Bitumen 75/25, Oxidized Bitumen 85/25, Oxidized Bitumen 90/40, and Others.
By Application, the market is categorized into Roofing, Waterproofing, Pipe Coating, Electrical Insulation, and Industrial Uses.
By End-Use Industry, the market is categorized into Construction, Automotive, Industrial Manufacturing, and Energy & Utilities.

Growth Driver

The primary growth driver for the oxidized bitumen market is the rapid expansion of the global construction and infrastructure sector. Increasing investments in residential, commercial, and industrial construction projects are driving strong demand for durable roofing and waterproofing materials. Oxidized bitumen’s superior thermal stability, long service life, and resistance to weathering make it an ideal choice for these applications. Additionally, government-led infrastructure development initiatives across emerging economies are further accelerating market growth.

Market Opportunity

A significant market opportunity lies in the growing demand for advanced waterproofing and insulation solutions in emerging markets. Rapid urbanization, industrial expansion, and increasing awareness about building durability are encouraging the adoption of high-performance bitumen products. Furthermore, the development of eco-efficient production processes and customized oxidized bitumen grades for specific industrial applications is expected to create new growth avenues for manufacturers over the forecast period.

Detailed Segmentation

Oxidized Bitumen Market, Segmentation

The Oxidized Bitumen Market is segmented on the basis of Type, Application, and End-Use Industry.

Type
The Type segment is further classified into Oxidized Bitumen 75/25, 85/25, and 90/40. Among these, the Oxidized Bitumen 85/25 sub-segment accounted for the highest market share in 2023. This grade is widely preferred due to its balanced softening point and penetration properties, making it suitable for roofing, waterproofing membranes, and industrial coatings. Its versatility and cost-effectiveness continue to drive strong demand across construction and industrial sectors.

Application
The Application segment is further classified into Roofing, Waterproofing, and Pipe Coating. Among these, the Roofing sub-segment accounted for the highest market share in 2023. Oxidized bitumen is extensively used in roofing systems due to its excellent adhesion, weather resistance, and durability. Growing construction of residential and commercial buildings globally is significantly contributing to the dominance of this segment.

Some of The Leading/Active Market Players Are-

• Shell Plc (Netherlands)
• ExxonMobil Corporation (USA)
• TotalEnergies SE (France)
• BP Plc (UK)
• ENI S.p.A. (Italy)
• Indian Oil Corporation Ltd. (India)
• Hindustan Petroleum Corporation Ltd. (India)
• China Petroleum & Chemical Corporation – Sinopec (China)
• PETRONAS (Malaysia)
• Nynas AB (Sweden)
• JSC Gazprom Neft (Russia)
• Puma Energy (Singapore)
• Vitumen Technologies (Canada)
• RAHA Group (UAE)
• and other active players.

Key Industry Developments

In March 2024, major bitumen manufacturers expanded production capacities to meet growing demand from infrastructure projects.
This expansion focuses on improving supply reliability and enhancing product quality to support large-scale construction and waterproofing applications worldwide.

In October 2023, leading players invested in advanced refining technologies for oxidized bitumen production.
These technological upgrades aim to improve efficiency, reduce emissions, and produce customized grades for specialized industrial and construction applications.

Key Findings of the Study

• Roofing application dominates the global market
• Oxidized Bitumen 85/25 holds the largest type share
• Asia-Pacific leads due to infrastructure growth
• Construction sector is the key demand driver
• Steady CAGR reflects consistent industrial demand

More Info:- https://introspectivemarketresearch.com/reports/oxidized-bitumen-market/

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